icici securities
An Indian firm tribunal has dismissed objections raised by minority shareholders of ICICI Securities concerning its delisting plans, Bar and Bench reported on Wednesday. ICICI Financial institution, which holds a roughly 75 per cent stake in ICICI Securities, gained shareholder approval to purchase out the remaining stake in March in a share-swap deal price $622 … Read more
Goal: ₹5,170 CMP: ₹4,769.20 Hindustan Aeronautics’ (HAL) efficiency missed road’s estimates primarily on the again of weak execution. Key factors: EBITDA rose 13 per cent YoY to ₹990 crore (highest-ever for Q1); EBITDA margin was at a wholesome stage of twenty-two.8 per cent; An revenue tax refund of ₹440 crore resulted in PAT progress of … Read more
Goal: ₹415 CMP: ₹716.75 Embassy Workplace Parks REIT (Embassy REIT) clocked Q1-FY25 NOI of ₹770 crore (down marginally q-o-q) and NDCF of ₹530 crore with distribution of ₹5.6/unit. Total portfolio occupancy as of Jun’24 remained flat q-o-q at 85 per cent, together with infusion of 1.4msf Splendid Techzone, Chennai asset of 1.4msf from June 1. … Read more
Goal: ₹410 CMP: ₹360.25 HealthCare International Enterprises (HCG) is a market chief in 90 per cent cities the place it has established presence. The corporate is working at an occupancy of ~64% and has been scouting for acquisitions to increase its footprint. In Oct’23, it acquired SRJ Well being Care, a 50 beds most cancers … Read more
Tata Consultancy Providers (TCS) is projected to attain single-digit progress in income and revenue in the course of the April-June quarter of fiscal 12 months 2024-25 (Q1FY25) in comparison with the identical interval final 12 months. This progress is attributed to a restoration within the movement of enterprise and purchasers’ willingness to renew discretionary spending. … Read more
Goal: ₹495 CMP: ₹478.95 Coal India (CIL) posted secure June 2024 efficiency figures. Manufacturing was up 8.8 per cent y-o-y whereas despatches rose by a mere 5.1 per cent y-o-y. In Q1-FY25, despatches to the ability sector grew 4 per cent y-o-y whereas offtake by the nonregulated sector (NRS) jumped a pointy 16 per cent … Read more
Ganesh Benzoplast has introduced unauthorised borrowings in subsidiary GBL Chemical Ltd. It has been delivered to our consideration that an unauthorised checking account was opened and operated within the title of Ganesh Benzoplast Ltd’s wholly owned subsidiary GBL Chemical Ltd and the administration has additionally been made conscious of sure unauthorised borrowings (whereby the Firm … Read more
ICICI Securities on Friday mentioned Kedar Deshpande, head of retail distribution, has resigned from the brokerage agency to pursue alternate profession alternatives. Additionally learn:Establishments vote in favour of ISec merger, ICICI Financial institution says it’s in shareholders’ curiosity The resignation will take impact from the shut of enterprise hours on April 12, 2024. “Kedar Deshpande, … Read more
Shareholders of ICICI Securities have, on March 27, authorised the proposal for the corporate’s merger with father or mother ICICI Financial institution. Nevertheless, a majority of retail shareholders voted in opposition to the proposal. The outcome confirmed that 71.89 per cent of shareholders voted for the delisting. Whereas 83.8 per cent of institutional buyers voted … Read more
Goal: ₹635 CMP: ₹ 562.15 We met Sushanth Pai, Chief Monetary Officer, Matrimony.com (Matrimony). Takeaways: 10–12 per cent income progress (quantity led) is feasible sooner or later and might be pushed by new initiatives like ‘Jodii’ and the launch of a ‘severe relationship’ platform; Marriage service may breakeven on a cash-basis by This autumn-FY24 and … Read more